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UAE’s new Decree to Regulate Public and Private Partnership The Ministry of Finance in the UAE recently announced a pivotal development with the issuance of Federal Decree-Law No. 12 of 2023, focusing on public-private partnerships (PPPs). This legislation, effective from December 1, 2023, lays down the groundwork for collaborations between…
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Establishing a Foundation in the UAE “Reliable structure needs a strong foundation and strong foundation requires investment” ― Guru Z.S. Gill UAE Foundations are an integral part of the country’s wealth management system. It is an independent legal entity. Foundations are usually created to protect the desires of the Founder being…
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Economic and Fraud Provisions in the Middle East “There is one and only one social responsibility of business – to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open…
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Incorporation of a Business (legal impediments) Introduction The formal method of forming a corporation or a company is called incorporation. The resulting legal body, a corporation, is responsible for separating the firm's assets and profits from its owners and investors. Corporations can be formed in virtually every country on the…
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UBO Disclosure Requirements- UAE In recent years, counter-fraud, money laundering and terrorism funding have been the regulator's highest priority. Fraudulent parties conceal their service using offshore accounts, and authorities report fraudulent transacts routinely at fake emails, PO boxes or private residences. This term has taken on an increasingly significant role…
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Hamriyah Free Zone 1. What law established this freezone? The Hamriyah Free Zone was established under Sharjah Emiri Decree No. 6/1995 issued in 12 November 1995 as amended by Sharjah Executive Council Decision No. 1/2000 (the Decree). 2. What are the main internal regulations governing this freezone? The principle regulation…
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Fujairah Creative Freezone 1. What law established this freezone? Fujairah Emiri Decree No. 4/2007 established Fujairah Creative City (FCC). 2. What are the main internal regulations governing this freezone? The Fujairah Free Zone Authority sets the regulations governing FCC Free Zone. 3. Does this freezone have any reciprocal arrangements with…
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Fujairah Free Zone 1. What law established this free zone? Fujairah Free Zone was established by Emiri Decree on 28 November 19987 and is located next to the Port of Fujairah which offers total unique access to all Arabian Gulf Ports, the Red Sea, India and Pakistan. 2. What are…
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Dubai World Central Freezone 1. What law established this freezone? Dubai World Central (DWC) freezone was established under Dubai Law No. 8/2006, amended by Dubai Law No. 10/2015. 2. What are the main internal regulations governing this freezone? DWC is regulated by the DWC Free Zone and Administration Rules and…
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Dubai Sceience Park City Freezone 1. What law established this freezone? This freezone was established by Dubai Law No. 1/2000 issued on 29 January 2000. 2. What are the main internal regulations governing this freezone? The regulations governing the Dubai Creative Clusters (DCC) were the Dubai Technology and Media Free…
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Dubai Production City Freezone 1. What law established this freezone? This freezone was established by Dubai Law No. 1/2000 issued on 29 January 2000. 2. What are the main internal regulations governing this freezone? The regulations governing the Dubai Creative Clusters (DCC) were the Dubai Technology and Media Free Zone…
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Dubai Media City Freezone 1. What law established this freezone? This freezone was established by Dubai Law No. 1/2000 issued on 29 January 2000. 2. What are the main internal regulations governing this freezone? The regulations governing the Dubai Creative Clusters (DCC) were the Dubai Technology and Media Free Zone…
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Dubai Internet City Freezone 1. What law established this freezone? This freezone was established by Dubai Law No. 1/2000 issued on 29 January 2000. 2. What are the main internal regulations governing this freezone? The regulations governing the Dubai Creative Clusters (DCC) were the Dubai Technology and Media Free Zone…
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Ajman Freezone Authority 1. What law established this freezone? The Ajman Free Zone was established in 1988 and was granted autonomous status in 1996, by the Ajman Emiri Decree No. 3/1996. 2. What are the main internal regulations governing this freezone? The Ajman Free Zone Authority has issued an "Integrated…
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